ActionForex

The Japanese Yen dips broadly after BoJ kept policy rate at -0.1% but revamped the framework of the stimulus program as a comprehensive review. The central bank introduced a new term "QQE with Yield...

GBP/JPY Daily OutlookDaily Pivots: (S1) 132.32; (P) 132.89; (R1) 133.36; Intraday bias in GBP/JPY remains on the downside for 138.66/129.14 support zone. Decisive break there will resume larger down...

Aussie is mildly higher in Asian session as RBA minutes suggested that the central bank is in no rush to cut interest rate again. RBA noted that the economy grew at "around estimates of potential...

The greenback opens the week broadly lower as markets await FOMC meeting. The stronger than expected August CPI reading in US would possibly heat up the debate between hawks and doves. But after all,...

The Japanese Yen and Dollar ended last week as the strongest major currencies, ahead of BoJ and FOMC meeting. Dollar traded soft most of the week as pressured by receding expectation for September...

Dollar stays mixed as markets continued to pare back expectations of a Fed hike next week after weak economic data. Fed fund futures are only pricing in 12% chance of a hike this month. Chance of...

Markets' focuses will be on BoE and SNB policy decisions today. BoE is widely expected to keep policies unchanged after expanding stimulus last month. Bank is should be kept at 0.25% while asset...

GBP/JPY Daily OutlookDaily Pivots: (S1) 134.76; (P) 135.68; (R1) 136.46; Intraday bias in GBP/JPY remains neutral for the moment. Overall, price actions from 128.66 are viewed as a consolidation...

GBP/JPY Daily OutlookDaily Pivots: (S1) 134.46; (P) 135.27; (R1) 136.07; Intraday bias in GBP/JPY remains neutral for the moment. Overall, price actions from 128.66 are viewed as a consolidation...

US yield jumped sharply again overnight, dragging down stocks and lifted Dollar. In particular, 30 year yield surged to as high as 2.488 before closing strongly at 2.471. That compares to July's low...

GBP/JPY Daily OutlookDaily Pivots: (S1) 135.17; (P) 135.70; (R1) 136.32; Intraday bias in GBP/JPY remains neutral for the moment. Overall, price actions from 128.66 are viewed as a consolidation...

Equities rebounded overnight and Dollar reversed gains as Fed governor Lael Brainard's comments suggested that Fed is not ready to hike in the FOMC meeting next week. DJIA closed up 239.62 pts, or...

GBP/JPY Daily OutlookDaily Pivots: (S1) 135.57; (P) 136.35; (R1) 136.98; Intraday bias in GBP/JPY remains neutral for the moment. Overall, price actions from 128.66 are viewed as a consolidation...

Risk aversion dominate the Asian markets as major indices open sharply lower following selloff in US equities. At the time of writing, Nikkei is trading down -1.5%, Hong Kong HSI down -2.5%, Shanghai...

Revived speculations of a Fed hike this month rocked the markets towards the end of last week. Equities suffered the worst selloff since Brexit with DJIA losing 394.46 pts, or -2.13% on Friday to...

GBP/JPY Daily OutlookDaily Pivots: (S1) 135.36; (P) 135.89; (R1) 136.78; Intraday bias in GBP/JPY remains neutral for the moment. Overall, price actions from 128.66 are seen as a consolidation...